The Oak Works is a family-owned business that makes handcrafted dining room tables and chairs. They obtain the oak from a local tree farm, which ships them 2,500 pounds of oak each month. Each table uses 50 pounds of oak while each chair uses 25 pounds of oak. The family builds all the furniture itself and has 480 hours of labor available each month. Each table or chair requires six hours of labor. Each table nets Oak Works $400 in profit, while each chair nets $100 in profit. Since chairs are often sold with the tables, they want to produce at least twice as many chairs as tables.
The Oak Works would like to decide how many tables and chairs to produce so as to maximize profit.
a. Formulate and solve a linear programming model for this problem on a spreadsheet. by using the Excel Solver.
b. Use Risk Solver Platform for Education to formulate and solve this model in a spreadsheet.
c. Formulate this same model algebraically?